Barlow Wealth Partners Inc. Sells 2,407 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Barlow Wealth Partners Inc. reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 34.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,569 shares of the company’s stock after selling 2,407 shares during the quarter. Barlow Wealth Partners Inc.’s holdings in Mondelez International were worth $259,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Traphagen Investment Advisors LLC grew its holdings in shares of Mondelez International by 0.8% during the 4th quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company’s stock valued at $1,411,000 after purchasing an additional 187 shares during the last quarter. Simon Quick Advisors LLC boosted its position in Mondelez International by 12.8% in the fourth quarter. Simon Quick Advisors LLC now owns 8,284 shares of the company’s stock valued at $495,000 after buying an additional 939 shares in the last quarter. Exchange Bank grew its stake in shares of Mondelez International by 5.5% during the fourth quarter. Exchange Bank now owns 11,237 shares of the company’s stock worth $671,000 after buying an additional 590 shares during the last quarter. Monterey Private Wealth Inc. increased its holdings in shares of Mondelez International by 8.1% during the fourth quarter. Monterey Private Wealth Inc. now owns 3,592 shares of the company’s stock worth $215,000 after buying an additional 269 shares in the last quarter. Finally, Clear Harbor Asset Management LLC lifted its stake in shares of Mondelez International by 11.5% in the 4th quarter. Clear Harbor Asset Management LLC now owns 8,307 shares of the company’s stock valued at $496,000 after acquiring an additional 860 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Down 0.4 %

MDLZ opened at $57.60 on Wednesday. Mondelez International, Inc. has a 12 month low of $55.97 and a 12 month high of $77.20. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The business’s 50-day moving average price is $61.43 and its 200-day moving average price is $67.20. The company has a market cap of $77.02 billion, a P/E ratio of 20.43, a P/E/G ratio of 3.12 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same period in the previous year, the firm earned $0.82 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities analysts expect that Mondelez International, Inc. will post 3.47 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s payout ratio is 66.67%.

Mondelez International announced that its board has approved a stock buyback program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MDLZ shares. Bank of America upped their target price on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and dropped their price objective for the company from $75.00 to $62.00 in a report on Tuesday. Stifel Nicolaus boosted their target price on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Redburn Atlantic assumed coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. Finally, Piper Sandler reduced their price objective on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average price target of $74.13.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.